Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.008%
Price spread now: Pacifica against Phemex−0.024%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.024%, 7d avg +0.011%
=Together, before fees+0.265%+ Points / potential airdropPacifica: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.034% cheaper against Phemex than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYPEUSDT | 93.495 | −0.0086 | get 0.0086% / 8h | 5h 42m | $12.6M | $2.7M | 50x |
| Short | Pacifica HYPE | 93.473 | 0.0100 | get 0.0013% / 1h | 42m 49s | $10.1M | $14.6M | 20x |
Phemex HYPEUSDT
Pacifica HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.13
- Price spread: −0.024% → +0.011%
- −$3.42
- Slippage, 4 orders
- −$37.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$21.96
- Costs to cover
- 0.577%
- Break-even
- 10.9 days
Slippage from Phemex: live order book, 6 min ago; Pacifica: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 6 min ago | 10.35 bp | 29.1 bp −$29 | 44.9 bp −$449 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 1 min ago | 0.96 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1240% | 1h | 93.378 | −0.125% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.355 | −0.150% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0178% | 1h | 93.529 | +0.036% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDTlong | −0.0086% | 8h | 93.495 | long leg | $12.6M | $2.7M | 50x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.485 | −0.011% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.514 | +0.020% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0041% | 1h | 93.400 | −0.102% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.500 | +0.005% | $85K | $346K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0009% | 1h | 93.360 | −0.144% | $698K | $978K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.446 | −0.052% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.474 | −0.023% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.557 | +0.066% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.584 | +0.095% | — | $53.0M | — | as long as short |
| Aster HYPEUSDT | +0.0021% | 4h | 93.559 | +0.068% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | +0.058% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.570 | +0.080% | $323.0M | $276.8M | 75x | as long as short |
| Bullet HYPE-USD | +0.0050% | 1h | 93.513 | +0.019% | $111K | $578K | 20x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 93.555 | +0.064% | $44.6M | $54.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.569 | +0.079% | $114.5M | $302.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.594 | +0.106% | $16.4M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.583 | +0.094% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.487 | −0.009% | $68K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.573 | +0.083% | $87.8M | $80.2M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.514 | +0.021% | $340K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.573 | +0.083% | $379.9M | $877.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.527 | +0.034% | $5.1M | $30.0M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.470 | −0.027% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.475 | −0.022% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.647 | +0.163% | $2.04B | $655.3M | 10x | as long as short |
| Pacifica HYPEshort | +0.0100% | 1h | 93.473 | −0.024% | $10.1M | $14.6M | 20x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.091% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.587 | +0.098% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.574 | +0.084% | $226.3M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | +0.064% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.167% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.222% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.588 | +0.099% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.524 | +0.031% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.547 | +0.055% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.533 | +0.041% | $472K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.532 | +0.039% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.628 | +0.142% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.580 | +0.091% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.549 | +0.057% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.571 | +0.081% | $398K | $163K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.690 | +0.209% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0202% | 4h | 93.700 | +0.219% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.505 | +0.010% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.529 | +0.036% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.557 | +0.066% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.577 | +0.088% | $17.0M | $11.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0359% | 1h | 93.656 | +0.172% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.580 | +0.090% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.350 | −0.155% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.644 | +0.160% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD